Automatic austerity: Ten things you need to know about the ‘Fiscal Compact’ | New Europe

On 2 March 2012, 25 EU heads of state and government signed a new treaty, which is expected to enter into force early next year.

It is the latest step in EU policy designed to tackle the economic crises. But rather than rescue floundering EU member states, it will be one more strike against social Europe. Continue reading…

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Filed under Economism and neoliberalism, Financial crisis

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